Chengtun Mining Group Co., Ltd. (SHSE:600711) signed an agreement to acquire 35% stake in Dali Sanxin Mining Co., Ltd. from Yunnan Yunhe Mining Group Co., Ltd , Zhang Shilie, Zhang Kaifu and Yang Wenwen for CNY 70 million on January 13, 2017. Yunnan Yunhe Mining Group Co., Ltd will sell 15% stake for CNY 30 million and the individuals will sell 20% stake for CNY 40 million. Zhang Shilie will sell 18.8% stake, Zhang Kaifu will sell 0.6% stake and Yang Wenwen will sell 0.6% stake in Dali Sanxin Mining Co., Ltd. Chengtun Mining Group Co., Ltd will acquire 15% stake from Yunnan Yunhe Mining Group Co., Ltd through listing. Chengtun Mining Group Co., Ltd. will also participate in capital increase in Dali Sanxin Mining Co., Ltd to further obtain controlling equity. After the transaction, Chengtun Mining Group Co., Ltd will hold 35% stake and Yunnan Yunhe Mining Group Co., Ltd will hold 65% stake in Dali Sanxin Mining Co., Ltd. As of April 30, 2016, Dali Sanxin Mining Co., Ltd reported total assets of CNY 44.66 million and owner’s equity of CNY 40.2 million. As of January 13, 2017, Board of Chengtun Mining Group Co., Ltd approved the transaction. As of February 21, 2017, Chengtun Mining Group Co., Ltd completed the acquisition of 15% stake from Yunnan Yunhe Mining Group Co., Ltd.